Loonie
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Why the U.S. Fed rate hold is good news for the loonie — and the Bank of CanadaThe U.S. Federal Reserve held interest rates steady on Wednesday. With the Bank of Canada hiking again, here's what that could mean for inflation and rates north of the border.EconomyJun 14, 2023
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Canadian dollar’s outlook uncertain amid recession concerns, analysts sayThe Canadian dollar recently rose to its highest level in more than two months against the U.S. dollar, which gained strength Friday after a stronger-than-expected jobs report.MoneyFeb 6, 2023
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Loonie forecasts cut as Bank of Canada trails U.S. Fed on peak-rate bets: pollThe Bank of Canada increased its benchmark interest rate last week by half a percentage point to 3.75 per cent, coming up short on calls for another 75 basis points move.CanadaNov 2, 2022
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The loonie is at a nearly 2-year low. What does that mean for inflation?A weaker Canadian dollar can worsen inflation on goods imported into the country, though experts say other factors could see the loonie come out on top in global trade.MoneySep 21, 2022
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Loonie falls to 20-month low after Bank of Canada’s supersized rate hikeThe Canadian dollar hit a 20-month low, one day after the Bank of Canada announced its largest interest rate hike since 1998.MoneyJul 14, 2022
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Canadian dollar will strengthen this year as oil prices boom: pollThe median forecast in the Reuters poll was for the Canadian dollar to gain around 1.6 per cent to 1.25 per U.S. dollar, or 80 U.S. cents, in three months' time.MoneyMar 4, 2022
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Canadian dollar rallies after Trudeau re-elected for third termThe loonie strengthened against its U.S. counterpart on Tuesday after the re-election of Prime Minister Justin Trudeau's Liberals.MoneySep 21, 2021
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Loonie increases over past year having a positive effect on Saskatoon businessesThe recent Canadian loonie increase means businesses who work with international sellers could potentially save some money or offer their products at lower prices.EconomyMay 26, 2021
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Why a strong Canadian dollar isn’t an excuse to indulge in ‘retail therapy’The loonie has been trading above 81 cents US for seven days in a row and currency analysts say it could climb further in coming months.MoneyApr 30, 2021
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Canadian dollar hits highest level since 2018, could climb further: economistsThe loonie traded for 81.34 cents US Thursday, the highest level since February 2018. It's been above 80 cents US since last week.MoneyApr 30, 2021
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